T Rowe Price Group Inc
TROWCompany Overview
T. Rowe Price Group, Inc. engages in the provision of investment management services. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, MD.
Country
US
Market Cap
$23.92B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
47.92%
failed
Liabilities Compliance
1.29%
passed
Final Shariah Status
Failed
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Stock Information
| Name | T Rowe Price Group Inc |
| Ticker | TROW |
| Main Business | Asset Management |
| Type | Common Stock |
| Industry | Asset Management |
| Country | US |
| Market Cap | $23.92 B |
Shariah Analysis Breakdown
Business compliance Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Investment advisory fees | $5,970.0 | $5,970.0 | Investment |
| Administrative fees | $481.4 | $0.0 | - |
| Distribution and servicing fees | $92.2 | $0.0 | - |
| Capital allocation-based income | $-54.3 | $0.0 | - |
| Interest income | $0.0 | $0.0 | - |
| Total | $6,489.3 | $5,970.0 | 47.92% (failed) |
Liabilities Compliance Breakdown
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| long term debt and capital lease obligation | $308,500,000.0 | 1.29% |
| Total Interest-Bearing Debt | $308,500,000.0 | 1.29% |
| Market Capitalization | $23,924,410,400.0 | 100.00% |
| Compliance Status | Threshold: 33% | passed |